Dec 19 2009
AGR Tools, Inc., is pleased to announce that AGR Stone & Tools USA, Inc., with which AGR Tools, Inc. has entered into a binding share exchange agreement, has expended its distribution network to Northern Illinois as part of a recent influx of requests from retailers and distributors.
The territory serviced by their most recent distributor addition has a population of approximately 9 million people and an annual diamond tool market of approximately $60,000,000. Located in the greater Chicago area, the distribution center will be able to service the region's general contractors, granite fabricators, concrete contractors, stonemasons, tile contractors, and other construction professionals. AGR Stone & Tools USA, Inc. will also be positioned to take advantage of the billions in government infrastructure spending in the state of Illinois.
AGR Stone & Tools USA, Inc.'s entry into the Illinois market will be instrumental in the expansion objectives the company has outlined for 2010. The Illinois market adds to the growing list of its distribution centers throughout North America and is the latest of AGR's 21 distributors in 15 states and provinces in the United States and Canada.
As the only major manufacturer of diamond tools that markets and distributes its' products directly to their customers, AGR Stone & Tools USA, Inc. has a major advantage over its' competition. By selling directly, it plans to control a quarter of the approximately $8 billion North American diamond tool market. "Our goal is 25% of the market which equates to $2 billion in sales. As our distribution network continues to grow, that goal is becoming more and more a reality", said CEO of AGR Stone & Tools USA, Inc., Rock Rutherford.
Source: http://www.agrtools.com/